PNX Metals Ltd Snapshot

The Hayes Creek zinc-gold-silver project is located in a favourable mining jurisdiction in the Pine Creek region of Northern Territory, 170km by road south of Darwin. It comprises 14 wholly-owned mineral leases including the Iron Blow and Mt Bonnie VMS deposits which were acquired in 2014 from Newmarket Gold NT Holdings Pty Ltd, a subsidiary of Canadian-listed Kirkland Lake Gold Ltd.

The Burnside, Moline and Chessman regional exploration projects cover an area of approximately 1,700 square kilometres in the Pine Creek region of the Northern Territory. PNX has earned and now holds an initial 51% interest in 19 exploration licenses and four mineral leases in the area under a farm-in agreement with Newmarket Gold and is proceeding toward earning a 90% interest. PNX also holds 4 exploration tenements outright in the Burnside project area, just a few kilometres to the west of the Hayes Creek Project.

The Burra project, located approximately 150 kilometres north of Adelaide, includes 8 exploration licences covering 1,200 square kilometres within the Adelaide Geosyncline. The area is prospective for copper, gold and other base metals mineralisation and is well positioned in regard to mining infrastructure, rail, road and water.

PNX holds 4 tenements on the Yorke Peninsula which cover approximately 1,200 square kilometres and are located on the eastern edge of the Gawler Craton within the ‘Olympic Domain’. The location is a world class mining province hosting significant copper and gold resources.